Sebi chairman Tuhin Kanta Pandey clarifies market dynamics influencing stock valuations. He emphasizes investor choice in IPO subscriptions, highlighting the role of disclosures. Pandey addresses concerns regarding high IPO valuations and preferential issues. He also discusses reforms aimed at easing Foreign Portfolio Investor registration and the potential introduction of a closing auction mechanism.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000